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Light at the end of the tunnel.......
cc4rhu
Posts: 111 Forumite
Just realised that I only have 11 more payments to make on my DMP. I've been on here a long time and my story is buried somewhere. An overview:
Around 10 years I get into dreadful debt after leaving University owing somewhere in the region of £80,000. I set up a DMP which would have initially cleared the debt off in 88 years. Most of my 12 or so creditors were great and all but two have been paid off now.
One of them took me to court for a CCJ 10 years ago and I pay £5.50 a month to them. The other creditor gets £602 even though they initially agreed to £47. Bad decision on the CCJ company if you ask me. Regardless, after 3 more payments I am left with only the CCJ company left and they'll finally be getting a decent amount until that is gone in the new year.
Believe me, even with debts like that YOU can do it! I kept my house, fed and clothed two children.... it's hard but you'll get there.
Around 10 years I get into dreadful debt after leaving University owing somewhere in the region of £80,000. I set up a DMP which would have initially cleared the debt off in 88 years. Most of my 12 or so creditors were great and all but two have been paid off now.
One of them took me to court for a CCJ 10 years ago and I pay £5.50 a month to them. The other creditor gets £602 even though they initially agreed to £47. Bad decision on the CCJ company if you ask me. Regardless, after 3 more payments I am left with only the CCJ company left and they'll finally be getting a decent amount until that is gone in the new year.
Believe me, even with debts like that YOU can do it! I kept my house, fed and clothed two children.... it's hard but you'll get there.
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Comments
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Hey, well done! You must be very excited for the next stage.0
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Great news - well done to you for keeping at it. Enjoy the rest of your debt free life
DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j0 -
Fantastic news...I join you being debt-free at roughly the same time. It's been a long haul but will be so worth it in the end;)
Ellie xDebt Free 1st March 2017
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That is a brilliantly positive story of determination. Nice one.£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
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Fantastic!It will all be ok in the end - if it's not ok, then it's not the end!
Saving for Christmas 2019 #27 total £62.00
Sealed pot challenge 12 #32 total £67.50
Mortgage paid off.0 -
You have done so well and should be proud.
You will also be a lasting support for many who will be in a dire situation, starting their journey who come across your post. (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:
C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
Secured Loan WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000
DEBT TODAY = £6,000 (£28,000 PAID OFF SO FAR!)0 -
Thanks to all. Yes it was tough, and still is Virgin Media!!!, but worth it. Lessons have certainly been learnt.0
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Great post and so nice to hear your story.
I had a bit of a realisation today that I am now oh so close to paying off my debts, which has taken 8 years!
About 4 more months for me to go!£22k debt paid off and now to save (£5k saved so far 20.12.2017)0
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